Trillium Asset Management LLC raised its stake in Stifel Financial Corp. (NYSE:SF) by 10.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 405,720 shares of the financial services provider’s stock after buying an additional 39,746 shares during the period. Trillium Asset Management LLC’s holdings in Stifel Financial Corp. were worth $12,760,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of SF. LS Investment Advisors LLC boosted its position in Stifel Financial Corp. by 68.3% in the second quarter. LS Investment Advisors LLC now owns 4,003 shares of the financial services provider’s stock valued at $126,000 after buying an additional 1,624 shares during the last quarter. Bank of Montreal Can purchased a new position in Stifel Financial Corp. during the second quarter valued at $168,000. Strs Ohio boosted its position in Stifel Financial Corp. by 34.1% in the second quarter. Strs Ohio now owns 5,500 shares of the financial services provider’s stock valued at $172,000 after buying an additional 1,400 shares during the last quarter. Capstone Asset Management Co. purchased a new position in Stifel Financial Corp. during the second quarter valued at $206,000. Finally, Smith Moore & CO. boosted its position in Stifel Financial Corp. by 67.0% in the first quarter. Smith Moore & CO. now owns 9,137 shares of the financial services provider’s stock valued at $270,000 after buying an additional 3,666 shares during the last quarter. Hedge funds and other institutional investors own 85.21% of the company’s stock.
Stifel Financial Corp. (NYSE:SF) traded up 1.83% during midday trading on Tuesday, hitting $39.04. 482,966 shares of the company traded hands. The stock’s 50-day moving average is $38.14 and its 200-day moving average is $34.51. The firm has a market capitalization of $2.58 billion, a PE ratio of 46.31 and a beta of 1.66. Stifel Financial Corp. has a 12-month low of $25.00 and a 12-month high of $47.17.
Stifel Financial Corp. (NYSE:SF) last announced its quarterly earnings data on Tuesday, August 2nd. The financial services provider reported $0.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.11. Stifel Financial Corp. had a net margin of 2.67% and a return on equity of 6.52%. The business had revenue of $652.10 million for the quarter, compared to analyst estimates of $615.82 million. During the same period in the prior year, the business posted $0.71 earnings per share. Stifel Financial Corp.’s revenue was up 9.1% compared to the same quarter last year. Analysts anticipate that Stifel Financial Corp. will post $2.54 EPS for the current fiscal year.
Several equities analysts have weighed in on SF shares. Zacks Investment Research upgraded shares of Stifel Financial Corp. from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research report on Wednesday, June 8th. Nomura lowered their price objective on shares of Stifel Financial Corp. from $44.00 to $43.00 and set a “buy” rating on the stock in a research report on Monday, July 11th. Finally, Macquarie lifted their price objective on shares of Stifel Financial Corp. from $39.00 to $44.00 and gave the stock an “outperform” rating in a research report on Friday, September 9th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $38.29.
In related news, Director Allen Brautigam sold 2,725 shares of the stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $36.94, for a total value of $100,661.50. Following the transaction, the director now directly owns 35,268 shares in the company, valued at $1,302,799.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.14% of the stock is currently owned by corporate insiders.
Stifel Financial Corp. Company Profile
Stifel Financial Corp. is a financial holding company. Its principal subsidiary is Stifel, Nicolaus & Company, Incorporated, a retail and institutional wealth management and investment banking firm. Its principal activities are private client services, including securities transaction and financial planning services; institutional equity and fixed income sales, trading, research and municipal finance; investment banking services, including mergers and acquisitions, public offerings and private placements, and retail and commercial banking, including personal and commercial lending programs.
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